Here are some important tips for beginner traders in the financial markets:
1. Learn first before you begin
Do not enter the market without a basic understanding of technical and fundamental analysis, and risk management.
2. Start with a demo account
Use a demo account to experiment with strategies and learn without risking your real money.
3. Invest money you can afford to lose
Do not invest money you need for living or emergencies, as the market can be harsh.
4. Do not be greedy for quick profits
Successful trading takes time and patience, so beware of impulsiveness or looking for the "big hit."
5. Set a strategy and stick to it
Whether it’s day trading or long-term, do not change your approach with every market fluctuation.
6. Manage risks first
Do not risk more than 1-2% of your capital on a single trade, and always set a stop loss.
7. Do not trade under psychological pressure
Your mental state greatly affects decision-making, so avoid trading when you are angry or stressed.
8. Keep a record of your trades and learn from them
Maintain a journal to record all your trades, to learn from your mistakes and successes.
9. Follow the news but with caution
News affects the market, but do not base your decisions solely on it without analysis.
10. Beware of random recommendations
Do not follow recommendations from channels or groups without personal understanding and analysis.
